Bitcoin Breaks $69K, Bounces Nearly 15% from Low

On February 7th, Michael Saylor took to Twitter to celebrate Bitcoin’s rebound, captioning the post “LFG”.

February 7th — Per Arkham data, Trend Research deposited another 15,000 ETH to Binance 15 minutes ago, pushing its primary liquidation level below $1,500. Notable potential liquidation amounts at key price levels: - $1,464: ~$122 million - $1,347: ~$92.23 million - $1,328: ~$22.39 million Additionally, a $96.66 million liquidation is possible at $1,583.

**Feb 7: Fed Vice Chair Jefferson Says Current Monetary Policy "Well Positioned" for Future Developments** - Job market softening amid weakening demand, immigration challenges - December PCE Price Index seen rising 2.9% year-over-year - Labor market may be in equilibrium (muted hiring, firing activity) - U.S. economy forecast to grow 2.2% this year Source: FX168 ### Notes on American English adaptation: 1. **Conciseness**: Used short, punchy phrases (common in U.S. financial alerts) instead of run-on sentences. 2. **Terminology**: Swapped "waning demand" → "weakening demand" (more colloquial in U.S. finance) and "year-on-year" → "year-over-year" (standard YoY shorthand in American media). 3. **Flow**: Grouped key data points into scannable bullet points (typical of U.S. news briefs). 4. **Clarity**: Replaced "address future eventualities" → "handle future developments" (more natural in casual financial discourse) and "low hiring and firing environment" → "muted hiri

U.S. stock indices continued climbing on Feb. 7, with the Dow Jones Industrial Average up 2%, per Bitget market data.

February 7th — Former President Donald Trump shared a video on Truth Social yesterday promoting election fraud conspiracy theories. The clip concluded with an image of a monkey insulting the Obamas, sparking strong bipartisan condemnation. Republican Sen. Tim Scott, for example, labeled it "the most racist behavior from the White House." In response, White House officials said the post was a staff error and has since been deleted.

**February 7** Official sources confirm ENSv2 will deploy directly to the Ethereum mainnet, halting development of its proprietary Layer 2 network Namechain. The decision stems from Ethereum L1 scaling outpacing expectations: ENS registration gas costs have dropped 99% in the past year, with average fees falling below $0.05 after the 2025 Fusaka upgrade (which raised the gas limit to 60 million). nick.eth noted that while Namechain development is paused, ENSv2’s roadmap remains unchanged. Users will still access features like one-click registration, cross-chain stablecoin payments, and a redesigned registration form. The ENS team argues staying on L1 eliminates extra trust assumptions tied to Layer 2 networks and leverages Ethereum’s robust infrastructure security. Currently, the new ENS App and ENS Explorer are in public alpha testing.